Already at record enrollment of more than 16 million, even more Americans are expected to sign up for individual coverage under the Affordable Care Act known as Obamacare for 2024.
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Already at record enrollment of more than 16 million, even more Americans are expected to sign up for individual coverage under the Affordable Care Act known as Obamacare for 2024,KFF, formerly known as the Kaiser Family Foundation, says myriad forces are coming together that will boost enrollment, including more Americans finding out they are eligible for federal subsidies that make coverage more affordable.
The health insurance market is also more stable with health insurers including Cigna, Centene and array of Blue Cross and Blue Shield plans maintain their presence in most markets while some are entering new markets like Oscar Health, which disclosed last month it was expanding offerings into rural areas. Open enrollment begins Nov. 1 for coverage that starts January 1, 2024.
“The upcoming open enrollment period could be among the busiest yet,” KFF said in its report. “In addition to Marketplace enrollees renewing coverage,
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